The acquisition expands Sunoco’s fuel distribution network by 2.5 billion gallons annually and adds 800 retail stations.
Sunoco will acquire Offen Petroleum for approximately $600 million in an all-cash transaction. The deal includes Offen’s distribution of 2.5 billion gallons of fuel per year and over 800 retail stations across the Midwest, Mountain West, and Southwest regions.
Offen serves around 7,000 customers, bolstering Sunoco’s market presence in key U.S. regions. The transaction is expected to enhance Sunoco’s supply chain and retail footprint without prior public consensus estimates.
No immediate market reaction was disclosed in the announcement.